We develop an alternative approach to the general equilibrium analysis of a stochastic production economy when firms' choices of investment influence the probability distributions of their output.

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This is a preview. Log in through your library . Abstract Von Mises defined a "physical" probability as a strict limit of the relative frequency of occurrence of an event in repeated trials. As a ...

Bayes' theorem is a statistical formula used to calculate conditional probability. Learn how it works, how to calculate it ...

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